Toyota, the world’s biggest automaker, said it had signed a memorandum of understanding with Uber that foresees ride-sharing trials in countries where this mode of transportation is expanding.
As part of the agreement, car purchasers can lease vehicles through Toyota’s finance arm and cover payments by working as Uber drivers.
It wasn't clear how muchÂ Toyota will invest inÂ Uber. The carmaker said only that it would be making "a strategic investment" in the company
“Through this collaboration with Uber, we would like to explore new ways of delivering secure, convenient and attractive mobility services to customers,” Shigeki Tomoyama, a Toyota senior managing officer, said in a press statement.
Toyota and Uber, a fast-growing California-based ride-sharing group, also will co-develop in-car apps that support Uber drivers. And Toyota will establish aÂ special fleet program to sell Toyota and Lexus vehicles to Uber drivers.
Separately, VW said it would invest 300 million dollars in Gett, a global ride hailing service provider, as part of a company-wide strategy to derive more future revenue from new business models.
“We aim to become a world leading mobility provider by 2025," said VW Group CEO Matthias Mueller. He added that the Gett partnership “marks the first milestone for the Volkswagen Group on the road to providing integrated mobility solutions that spotlight our customers and their mobility needs."
Gett is a fast-growing ride hailing provider that offers so-called mobility-on-demand inÂ 60 cities worldwide. With the help of the Gett app, consumers can book book rides instantly or pre-book rides for later. Gett's technology uses big data analysis, predictive algorithms, and artificial intelligence
Last month, VW established a legally independent company for the development of mobility services.